031504 Sale City Property 435-437 Birch St

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3/9/04LS RESOLUTION NO, CRA 2004 -05 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING THE PURCHASE OF CITY -OWNED PROPERTY LOCATED AT 435 -437 S. BIRCH STREET AND AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE DOCUMENTS AS NECESSARY BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS: Section 1. The Community Redevelopment Agency of the City of Santa Ana hereby, finds, determines and declares as follows: A. The City Council of the City of Santa Ana previously approved the purchase of property located at 435 -437 S. Birch Street (the "Property ") using federal HOME funds by council action on October 7, 1997. This acquisition was made in order to remove a substandard apartment building and to pursue quality in -fill housing development for the Heninger Park neighborhood. The Property is not located within a redevelopment project area. B. Santa Ana Municipal Code section 2 -709 permits the sale of city real property made to any city, county, city and county, state or federal government, or any political subdivision of any of them, or to any nonprofit public benefit corporation formed or controlled by the city without a public hearing. C. Upon extensive review, the Community Redevelopment Agency of the City of Santa Ana ( "Agency ") staff has determined that the affordable homeownership subsidies offered by the Agency are most appropriate to support the City's objectives in Heninger Park. For this reason, staff supports the City of Santa Ana's sale of 435 -437 S. Birch Street to the Agency for $411,000, which represents the original acquisition cost. D. Pursuant to Sections 33334.2(a) and 33334.6(c) of the California Community Redevelopment Law (California Health and Safety Code Section 33000 et sec.) not less than 20 percent of all taxes which are allocated to the Agency are set aside by the Agency in a Low- Moderate - Income Housing Fund ( "the Housing Funds ") and used by the Agency for the purpose of increasing, improving and preserving the community's supply of low and moderate housing available at affordable housing costs to persons and families of low- and moderate - income, including very -low- income persons. E. Pursuant to Section 33334.2(e) of the Community Redevelopment Law, the Agency may exercise any and all of its powers to carry out this purpose. F. Pursuant to Section 33334.6(a) of the Community Redevelopment Law, the California State Legislature has found and declared that the provision of affordable housing outside of redevelopment project areas can be of direct benefit to those project areas in assisting the accomplishment of project objectives. 11-,�